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Capitec Vuvuzela with bullish bias & strong fundaments to R2,485Capitec has been in this Broadening Pattern (Vuvuzela) formation since November 2023. It breaks into higher highs and lower lows. But the overall momentum and trend channel is up. It will continue trading in this range until we get a breakout of the resistance or support. My bet is it will first trade to the top of the range at R2,485.92. Capitec has always been the outlier compared to the other banks with very little correlation. WHen it does well, it runs up regadless what the bigger banks are doing. Also fundamentally, it doesn't seem to follow suit with the Big 5. Firstly, Capitec announced a substantial 15% growth in headline earnings, which reached R9.7 billion. This increase was driven by growth across various sectors of the bank, including a notable 124% profit surge in its business banking sector and a significant increase in net lending, investment, and insurance income​ Also, Capitec has been actively investing in innovative digital solutions and client rewards programs, which have contributed to its strong performance. They introduced a variety of digital payment solutions like Apple Pay, Samsung Pay, and Google Pay with zero transaction fees, as well as their own secure online payment tool, Capitec Pay. So ye, big up to an innovative unclipped wings bank like Capitec.
JSE:CPILong
by Timonrosso
Merafe Dividend messed up analysis to the upside of R2.00What a difference a dividend makes! The payment went out on the 15 April 2024, and because there are derivatives that traders can trade off - the algorithm droped the share price quite significantly. I don't think this company should be providing such high dividends if it wants growth in the share price, but hey I'm just the guy behind a computer. So last time, we saw a Dividend release in September, it took 6 months for the share price to make it's way up and close the gap. Now it is likely for the same thing to happen. This is not a technical analysts haven type market because fundamentals trump the price action. But overall, I guess shareholders are remotely happy for their income distribution and in the long run Merafe will one day hit R2.00 :D
JSE:MRFLong
by Timonrosso
Bidvest in resting mode until the big breakout up to R290.00Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023. This is where there is a tug of war between the bulls and the bears. BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong. It will most like need a few more weeks/months for the pattern to play out. But once it breaks above the consolidation, we can easily see the price head up to R290.00 It's a patience game for Bidvest.
JSE:BVTLong
by Timonrosso
Anglo American Plats rare metal and rare formation showing upsidBroadening Formation (Vuvuzela) and W Formation is forming on AngloPlats. We are seeing synergy with the upside with the platinum price and platinum stocks. I guess no suprise knowing they work in tandem with each other. Also, there is a good chanc eof upside with the price above both: Price>20 and Price>200 Wait for break above the necklines and we could get a Target of R1,001 Moving onto the fundamentals: The increase in Anglo American Platinum's stock price in 2024 can be connected to the broader market dynamics affecting platinum prices. Factors like a global supply deficit, driven by production challenges and rising demand from sectors such as automotive and green technologies, contribute to the metal's price increase. As Anglo American Platinum is a major producer of platinum, these market conditions likely positively impact the company's stock price by enhancing profitability prospects due to higher platinum prices.
JSE:AMSLong
by Timonrosso
Standard Bank just made a huge signal to SELL to R150Standard Bank has formed an M Formation. The nature of the analysis is down and is a sell as it's broken below the neckline and the price is below both the 20 and 200MA> So it looks like the next target is R150.00. FUNDAMENTALS Fundamentals also came out today and yesterday which could influence the price and the large candle today. Standard Bank Group Says FY Headline Earnings Per Ordinary Share At 2590.4 Cents Standard Bank posted a 27% in annual profit. And there was an appointment of a non-executive director
JSE:SBKShort
by Timonrosso
Write off Kibo Energy off your time wastersThese are the type of stocks that I don't even give one breath of a time to see. Yes I'm doing that now, but the thing is there are MANY traders who think these are the stocks they can buy at 1 cent and hold to 4c - 400% return and this can lead to one of three ways. 1. You hold forever 2. You strike lucky and it actually does go there 3. It goes to 0 and gets liquidated and you lose your money But as traders, these are time wasters. There is no liquidity, no volume, there is no action. I can't analyse this type of stock and this is purely for the savvy Penny Stock INvestors who have read the fundamentals, share ratios and have seen the proespects for a POTENTIAL future for the stock. Other than that for traders - I leave it alone.
JSE:KBOLong
by Timonrosso
UPDATE: Target Reached Aspen R206.03 - Next target higherSymmetrical Triangle was a a text book trade. The previous trend was up. Price broke above the apex 3/4s in and the momentum continued up. We had further indicators of confirmation for upside to come. Price>20 Price>200 Target 1 R206.03 So what now? Well we can expect somewhat a consolidation, and a potential Cup and Handle to form. Then we have the next target above R221. It might be messy to buy now, but in good time it should present a great opportunity. I'll let you know.
JSE:APNLong
by Timonrosso
UPDATE: Pan Africa hit the target at R.475 - Do we sell?Well this analysis took forever. The price broke above the Broadening Reverse Symmetrical Triangle (If there is such a thing) in June 2023. If you held on this long to exit and bank a profit, you would be lucky if you even made some money considering the daily interest charges on CFDs... However as a share and equity investor, this position would have been the perfect medium term trade. Sometimes, when I project such large targets, I think of just going back into equities. Regardless, the trend id still up - Gold is still bullish and out other Gold positions are all longs. So, keep to the trend until it bends... Uncle T out.
JSE:PANLong
by Timonrosso
1
TARGET 1 reached - Next target is even higher to R28.68Bell Equipment reached our first target R20.54 in November 2023. It then had a mark-up phase before consolidating into a W Formation. Once the price broke above, we knew demand and buying was still on the cards. technically we have price above both 20MA and 200MA. So the next target for Bell Equipment is set to R28.68. ABOUT THE COMPANY Bell Equipment is a pivotal player in South Africa's heavy equipment industry, renowned for its strong and reliable machinery, particularly in the construction, mining, quarrying, agriculture, forestry, and waste handling sectors. Foundation and Specialization: Established over sixty years ago, Bell Equipment has become South Africa's only major designer, manufacturer, and distributor of heavy equipment, recognized globally as a specialist in articulated dump trucks (ADTs)​​. Core Product: The ADT is Bell Equipment's core product, showcasing the company's innovation and leading performance globally. Bell ADTs are exported worldwide from their manufacturing plants in South Africa and Germany​​. Product Range and Strategic Dealerships: In addition to its own products, Bell holds strategic dealerships with several leading global manufacturers, offering over 120 products suited to various applications, including wheel loaders, excavators, motor graders, and more​​. International Presence: Bell Equipment has a strong international presence, with operations not just in Southern Africa but also in key global markets like North and South America, the Middle East, and parts of Europe and Asia​​. Innovation in Tracked Carriers: The company has introduced Bell Tracked Carriers, leveraging its expertise in ADTs, designed for challenging terrains and conditions, such as remote pipeline projects in the US, with applications expanding globally​​.
JSE:BELLong
by Timonrosso
UPDATE Vukile still building its way to R17,59This is from the last update. We saw an Inv Head and Shoulders from AUg 2023 to December 2023. The price then broke above the Brim and the entire market went through an uptrend trajectory. Higher lows each time, one fakeout, then a continued bullish momentum nuation. Price remains above the 200MA and 20MA which signals upwards to come. The target remains at R17.59 ABOUT THE COMPANY Vukile Property Fund Limited is a notable retail-focused Real Estate Investment Trust (REIT) operating in South Africa and Spain. Establishment and Listings: Vukile was established in 2002 and listed on the Johannesburg Stock Exchange (JSE) on June 24, 2004. It expanded its listings to the Namibian Stock Exchange on July 11, 2007​​. CEO: Laurence Gary Rapp has been leading Vukile as its Chief Executive Officer, guiding the company's growth and expansion strategies​​. Diverse Portfolio: The company owns a variety of retail properties across South Africa and Spain, providing a well-diversified exposure across different macroeconomic drivers and a substantial Rand hedge portfolio. Its South African property portfolio includes around 40 properties with a gross lettable area (GLA) of approximately 859,772 square meters​​. Recent Achievements: Vukile has demonstrated resilience and growth, delivering a 10% increase in its cash dividend and updating its FY2024 guidance with positive expectations​​. Specialist Focus: As a specialist retail SA REIT, Vukile focuses on delivering spaces and experiences that exceed customer and tenant expectations, aiming to be the most trusted and respected retail property business in South Africa​​​​.
JSE:VKELong
by Timonrosso